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Earnings Abstract: Highlights of 3M Firm’s Q2 2024 report

by Index Investing News
July 26, 2024
in Markets
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3M Firm (NYSE: MMM), a number one producer and distributor of business merchandise and options, introduced second-quarter outcomes, reporting a rise in adjusted revenue and barely decrease gross sales.

  • Second-quarter internet gross sales got here in at $6.3 billion, which is down 0.5% from the prior-year quarter
  • The corporate reported adjusted gross sales of $6.0 billion, with natural progress of 1.2% year-over-year
  • Earnings per share from persevering with operations was $2.17 throughout the three months, vs. a lack of $12.94 per share in Q2 2023
  • On an adjusted foundation, earnings from persevering with operations climbed 39% yearly to $1.93 per share in Q2
  • The corporate generated an working money move of $1.0 billion, with an adjusted free money move of $1.2 billion, throughout the quarter
  • It raised full-year 2024 steering for earnings per share from persevering with operations to $7.00-$7.30 from the sooner outlook of $6.80-$7.30



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